Stock market briefs

03-Aug-2018 Intellasia | The Saigontimes | 6:02 AM Print This Post

Mobile World Investment Group (MWG) has released its business results in the first half of 2018, with revenue and after-tax profit soaring 43 percent and 44 percent year-on-year to VND44.6 trillion and VND1.5 trillion, respectively. According to Viet Capital Securities Company, the stellar performance was mainly driven by the DienmayXANH consumer electronics segment, new store openings and contributions from stores opened in 2017. Meanwhile, Thegioididong (mobile phones) posted single-digit revenue growth as MWG continued to convert high-performing mobile stores to consumer electronics stores.

HCM City MB Capital has offloaded 1.3 million shares of Vietnam Electrical Equipment Company (GEX) to reduce its ownership from 8.1 percent to 7.7 percent.

HCM City Le Viet Hai, chair and general director of Hoa Binh Construction Company (HBC), will be buying 270,000 shares of the firm to spur his holdings to 17.6 percent, equivalent to 34.3 million shares. Currently, Hai is holding over 34 million shares at HBC.

HCM City Truong Giang Construction and Investment Company (TGG) has announced August 9 as the ex-dividend date for shareholders to receive a 2017 share dividend at 5 percent.

HCM City Halcom Vietnam Company (HID) has decided to spend VND144 billion establishing Can Tho Urban Development Company, securing a 96 percent stake in the latter.

HCM City Coteccons Construction Company (CTD) has chosen August 14 as the record date to pay a 2017 dividend in cash for shareholders at 50 percent. Payment will be made on August 24.

HCM City Sai Gon Thuong Tin Real Estate Company (SCR) said its net profit jumped 3-fold year-on-year to over VND187 billion in the second quarter of this year. Its revenue rocketed 3.77-fold to around VND1 trillion in the quarter. This year, the real estate firm has handed over 791 products from several projects in HCM City such as Jamona Home Resort, Charmington La Point, Jamona City, and Jamona Golden Silk.

HANOI Phuc Hung Holdings Construction Company (PHC) will move its listing of 50 million shares to the Hochiminh Stock Exchange from the Hanoi Stock Exchange in August. In 2018, the construction firm plans to issue 4.2 million shares for its existing shareholders at a 5-for-1 ratio at the price of VND10,000 each.

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Category: Stocks, Vietnam

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